The _______ Method Estimates the Value of Household Labor by Looking

question 5

Multiple Choice

The _______ method estimates the value of household labor by looking at what it would cost in the current market to pay someone to do the household labor the mother performs.

• A) market alternative cost
• B) job equivalent cost
• C) opportunity cost
• D) equal cost

---

Definitions:

Cognitive Development

The method through which people understand, consider, and comprehend their environment via the combination and effect of inherited and acquired elements.

College Education

Higher education resulting in the attainment of a degree or diploma from a college or university.

Increased Diversity

The growth in variety and representation within a group, society, or ecosystem, encompassing aspects such as culture, biology, or ideas.